A List of All the Accounts in the Accounts Receivable

question 111

Multiple Choice

A list of all the accounts in the accounts receivable ledger with their balances and the total is a(n) :

• A) Schedule of accounts.
• B) Controlling account.
• C) Schedule of accounts receivable.
• D) Subsidiary ledger.
• E) Special journal.

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Definitions:

Machine-Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.

Machine-Hours

A measure of production time using machines, typically used as a basis for allocating manufacturing overhead to products.

Denominator Level

In cost accounting, refers to the total quantity or capacity used to allocate fixed costs to different cost objects.

Budget Variance

The difference between what was budgeted for a period and what was actually spent or received.